Summary - 28 Winckley House, 16 Cross Street PR1 3AJ
1 bed 1 bath Apartment
Ready-to-let one-bedroom with strong short-stay and long-term income potential.
Long lease in place — 143 years remaining
Set in the sought-after Winckley Square area, this recently renovated one-bedroom apartment offers low-upkeep city-centre living with immediate rental potential. The bright open-plan living area and modern fitted kitchen keep running costs and maintenance needs minimal, while the double bedroom and tiled bathroom meet standard tenant expectations.
A long lease of 143 years gives investors security, and location is a major draw: a short walk to the station, shops, bars and restaurants supports both long-term lets and high-yield short stays. Projected income is around £700pcm on an AST or up to £700 per week for short-term lets, making this a flexible income opportunity from day one.
Buyers should note the material facts: the property is leasehold and will be sold at auction via a Secure Sale platform, with immediate exchange of contracts possible. Annual service charge and ground rent are significant (£1,427 and £450 respectively), heating is electric via room heaters, and the surrounding area records very high crime and high deprivation levels — factors that may affect tenant profiles and insurance or management costs.
Overall, this compact, freshly converted apartment is suited to investors seeking an easy-to-manage, centrally located rental asset with strong short-stay demand, provided they factor in service charges, ground rent and local area issues into their yield calculations.
1 bedroom apartment for sale in Winckley Square, Preston, Lancashire, PR1 — £140,000 • 1 bed • 1 bath
1 bedroom apartment for sale in Cross Street, Preston, PR1 — £70,000 • 1 bed • 1 bath • 417 ft²
2 bedroom apartment for sale in Cross Street, Preston, PR1 — £85,000 • 2 bed • 1 bath • 520 ft²
2 bedroom apartment for sale in 16 Cross Street, Preston, Lancashire, PR1 3AJ, PR1 — £85,000 • 2 bed • 1 bath • 520 ft²
1 bedroom flat for sale in Cross Street, Preston, Lancashire, PR1 — £75,000 • 1 bed • 1 bath • 412 ft²
1 bedroom apartment for sale in Winckley Square, Preston, Lancashire, PR1 — £130,000 • 1 bed • 1 bath • 430 ft²
